Press Release – RITANZ Restructuring Insolvency & Turnaround Association New Zealand (RITANZ) has today revealed findings from its COVID-19 insolvency survey, which sought to uncover the views of its members and insolvency practitioners across the country. The survey …
Restructuring Insolvency & Turnaround Association New Zealand (RITANZ) has today revealed findings from its COVID-19 insolvency survey, which sought to uncover the views of its members and insolvency practitioners across the country.
The survey has revealed that the hospitality industry is expected to be the hardest hit over the next year, with 90% of respondents predicting a rise in insolvency appointments in that sector. This was followed closely by the tourism (88%), retail (82%) and accommodation industries (78%).
Monday, 19 April 2021, 10:40 am
Restructuring Insolvency & Turnaround Association New
Zealand (RITANZ) has today revealed findings from its
COVID-19 insolvency survey, which sought to uncover the
views of its members and insolvency practitioners across the
country.
The survey has revealed that the hospitality
industry is expected to be the hardest hit over the next
year, with 90% of respondents predicting a rise in
insolvency appointments in that sector. This was followed
closely by the tourism (88%), retail (82%) and accommodation
industries (78%).
The vast majority of respondents
(93%) expect that insolvency appointments will increase over
the next 1-2 years and 60% expect they will rise in the next
Monday, 19 April 2021, 10:40 am | RITANZ Restructuring Insolvency & Turnaround Association New Zealand (RITANZ) has
today revealed findings from its COVID-19 insolvency survey, which sought to uncover
the views of its members and insolvency practitioners across the country. The survey . More
Friday, 14 June 2019, 8:57 am | RITANZ
The Restructuring Insolvency and Turnaround Association of New Zealand (RITANZ) has
welcomed news that the Insolvency Practitioners Bill has passed into law on Wednesday,
almost a decade after it was first introduced into Parliament. The Insolvency Practitioners . More
Wednesday, 30 November 2016, 4:58 pm | RITANZ Auckland, 30 November 2016: The Restructuring, Insolvency and Turnaround Association
of New Zealand (RITANZ), the professional body for New Zealand insolvency practitioners,
Business Scoop » RITANZ COVID-19 Insolvency Survey Shines Light On Kiwi Business Issues scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.
Insolvency numbers plummet but there are still warning signs, expert cautions
31 Jan, 2021 04:00 PM
5 minutes to read
There are warning signs that some businesses will come under more financial pressure this year. Photo/ File
Court applications to wind up companies plummeted in 2020, bucking expectations of widespread business failures. But an insolvency expert says there are still warning signs that some companies are in for a tough time this year.
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Wind-up applications dropped nearly 32 per cent from 707 to 481 between 2019 and 2020, figures from the Restructuring Insolvency and Turnaround Association New Zealand show.
Liquidation appointments, which includes both solvent and non-solvent ones was also down while receivership appointments rose only slightly from 105 to 115.